SFR and Multifamily Investing for Cash Flow in Houston, TX

[Raj S.]

I currently live in New York and I'm invested in SFR's and small Multi-Family (2-4 units) in Las Vegas and Indianapolis. I'm planning to move to Houston, TX in the next 3-4 months and I figured I could finally start investing close to home once I'm there. I'm still learning about the Houston market and the different areas. I'm looking to start investing in SFR's in the surrounding suburbs of Houston. I was mainly looking at the Northeastern suburbs such as Humble, Atascocita, etc since I'll be living in that area. I was also thinking about investing in some inner loop Multifamily properties. I've been having a hard time finding investor friendly agents who are knowledgeable on either of these areas. It seems like Houston is such a big place that you have to really narrow down your criteria when searching for agents. If any Houston area investors know of a good investor friendly agent they could recommend, or if you have any advice for me on the market in general, I'd really appreciate it. Thank you

[Fred Heller]

@Raj S.  Without knowing your specific criteria it's a little hard to give you any advice. But I'll give you some general thoughts.

I wouldn't waste a lot of time looking inside the loop. The prices there are out of control. I'm talking about the Heights, Midtown, the Montrose, basically anything west of downtown inside the loop.

There are a couple of faded glory neighborhoods inside the loop that are attracting attention with developers. I'm thinking of a strip along 288 east of the Museum District and the Medical Center. There's a lot of rehabbing and new construction moving into that area. You may be able to pick something up there for a reasonable price if you're willing to put some money into it.

Humble is a good choice. Another area to look at is Spring which is west of Humble. There are tons of homes in those areas that should make good rental properties.

If you would like to connect to discuss the Houston market in more detail, send me a PM.

Good luck!